Applications will be accepted through Jan. 6, 2020 at 11:59 PT
Who should apply: Start-ups and nonprofits providing innovative fintech solutions that support the financial health of current and future workers – especially people who face persistent financial health challenges, including low- to moderate-income (LMI) consumers, communities of color, aging individuals, people with disabilities, women and other underserved consumers. Full application criteria and details on our approach to Diversity, Equity, and Inclusion are available here: Application Criteria.
The fintech solutions to be considered for this challenge will support:
Examples of potential solutions that may be brought forward in this challenge include:
The next cohort will be selected in late March 2020. Selected organizations will receive up to $125,000 in capital in addition to professional services assistance from industry leaders and mentorship from the Financial Health Network and JPMorgan Chase employees.
About the Financial Solutions Lab
The Financial Solutions Lab is a $50 million, 10-year initiative managed by the Financial Health Network with founding partner JPMorgan Chase & Co. to cultivate, support and scale innovative ideas that advance the financial health of low- to moderate-income (LMI) consumers and historically underserved communities. The Lab is intentionally focused on innovative ideas that support populations facing acute and persistent financial health challenges, including (but not limited to) aging individuals, individuals with disabilities, people of color and women. The Financial Solutions Lab launches a series of accelerator competitions to identify solutions to specific consumer financial challenges. It provides incentives for entrepreneurs, businesses, and nonprofits to enhance financial products and services that address these challenges and improve consumers’ financial health. It also fosters collaboration between complementary fintech companies and nonprofits to further their reach and impact, and identifies technology needs in the market that have the potential to help LMI or underserved individuals. For more information, visit http://finlab.finhealthnetwork.com/.